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New Economic Thinking for a New Industrial Strategy
12 June 2024, 6:00 pm–7:30 pm
The launch of the Strategic Economics Alliance
This event is free.
Event Information
Open to
- All
Availability
- Yes
Cost
- Free
Organiser
-
UCL IIPP
Location
-
Gustave Tuck Lecture TheatreWilkins BuildingGower StreetLondonWC1E 6BTUnited Kingdom
The climate crisis is a direct result of how we have designed our economies, and highlights the need for new economic thinking and practice. Current economic policy is severely restricted by economic theory that minimises the role of the state in shaping markets and directing growth - theory that has come predominantly from the Global North. IIPP is launching a new initiative to counteract this trend.
IIPP’s new Strategic Economics Alliance (SEA), spearheaded by Professor Mariana Mazzucato and Dr Carolina Alves, aims to strengthen new economic thinking and its influence on economic policy, notably through green industrial strategy. Industrial strategy is back around the world; however, it risks falling short of embracing the role of the state in directing growth that is inherently inclusive and sustainable, instead reverting to old models focused on promoting specific sectors and technologies. It is often also being advanced without a global equity or global climate action lens. The SEA initiative will forge new connections between academics who are challenging mainstream economics and ambitious government and multilateral institution leaders, helping these leaders to better navigate the transition to inclusive and sustainable economies, and feeding back insights from their experience to inform economic theory. Importantly, it will provide a platform for amplifying the voices of women economists, in particular from the Global South, whose voices have been underrepresented.
The discussion will begin with a keynote speech from Founding Director and Professor in the Economics of Innovation and Public Value at UCL Institute for Innovation and Public Purpose (IIPP) Mariana Mazzucato followed by a high-level panel discussion including Bogolo Kenewendo, global economist and former Minister of Investment, Trade, and Industry in Botswana, Erika Kraemer-Mbula, Professor of Economics at the University of Johannesburg, and Carolina Alves, Associate Professor in Economics at UCL Institute of Innovation and Public Purpose (IIPP).
About the Speakers
Mariana Mazzucato
Founding Director and Professor in the Economics of Innovation and Public Value at UCL Institute for Innovation and Public Purpose (IIPP)
Professor Mazzucato is the author of four highly-acclaimed books: The Entrepreneurial State: debunking public vs. private sector myths (2013), The Value of Everything: making and taking in the global economy (2018), Mission Economy: a moonshot guide to changing capitalism (2021) and The Big Con: How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies (2023).
She advises policymakers around the world on innovation-led, inclusive and sustainable growth. Her current roles include being Chair of the World Health Organization's Council on the Economics of Health for All, Co-Chair of the Global Commission on the Economics of Water, Co-Chair on the Council on Urban Initiatives, and a member of the South African President’s Economic Advisory Council.
More about Mariana MazzucatoBogolo Joy Kenewendo
Global economist at Kenewendo Advisory
Kenewendo served as a Specially Elected Member of Parliament and Cabinet Minister of Investment, Trade and Industry in Botswana. She serves in various corporate and philanthropic boards including as Chairperson of Bank Gaborone, Non-Executive Director of the Africa Free Trade Area adjustment Fund Corporation and the Africa Center for Economic Transformation.
She also advises governments and international institutions on trade and economic development policy.
Kenewendo has served the G7 Gender Equality Advisory Council, the United Nations Secretary-General António Guterres’ High-Level Panel on Digital Cooperation, Advisory group on the gender architecture of the UN and group on Financing for Development.
She is also a member of the World Economic Forum (WEF) Trade Advisory Group, Global Future Council on Global Public Goods in the Fourth Industrial Revolution, and a WEF Young Global Leader. She is a Non-Resident Fellow with the Center for Global Development.
She is frequently named among Africa's Most Influential People by various publications. In 2022 she was named among Prestigious Time magazine’s TIME100 Next Honorees highlighting 100 emerging leaders from around the world who are shaping the future and defining the next generation of leadership.
More about Bogolo Joy KenewendoErika Kraemer-Mbula
Professor of Economics at University of Johannesburg
Carolina Alves
Associate Professor in Economics at UCL Institute for Innovation and Public Purpose
